Knollwood Homeowners Assoc Inc

What Knollwood Homeowners Assoc Inc's governing documents say

Knollwood is a small single-family home HOA in Durham, NC, with eight lots and shared open space. This declaration binds all lot owners and the homeowners association, covering assessments, architectural control, and use restrictions. It's the full rulebook for the community.

• What you own & maintain: You own your lot and home; the association maintains the open space, stormwater easements, sidewalks, and entrance sign. The association also carries liability insurance on common areas.
• Assessments & fees: Annual assessment starts at $240 per lot ($20/month), adjustable by CPI each year without a vote. Special assessments for capital improvements require a 2/3 vote of owners. Unpaid assessments accrue 10% annual interest plus a $25 late fee, and become a lien on the property.
• Architectural review: Any building, fence, or exterior alteration needs written approval from the Declarant (or later the Board/committee) before starting. If no decision within 30 days of submission, approval is deemed given.
• Use restrictions: Lots are for single-family residential use only. No commercial vehicles parked regularly, no signs except for sale/rent, no window AC units visible from the street, and no structures under 1,300 sq ft (one-story) or 1,500 sq ft (multi-level).
• Pets: Dogs, cats, or other household pets are allowed in reasonable numbers, but no more than two pets may be regularly kept outside. No commercial breeding or keeping of livestock/poultry.
• Leasing & rentals: The declaration doesn't restrict leasing, but owners may delegate use of open space to tenants. No rental restrictions are mentioned.
• What this document doesn't cover: This excerpt includes the full declaration and bylaws, but it doesn't specify rules about parking on streets, noise hours, or specific architectural design standards beyond general harmony.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.